Chicago-based IPA 100 firm Grant Thornton LLP (FY21 net revenue of $1.97 billion) has agreed to sell its public sector advisory practice to consulting firm Guidehouse Inc.
“The divestiture of our public sector advisory practice is well-aligned with our strategy and will enhance our value to clients by sharpening the firm’s focus on our integrated offerings across audit, tax and advisory services, where we see significant growth opportunities,” says Grant Thornton CEO Seth Siegel. “Additionally, we will further enhance our capital position, strengthen the firm’s quality-focused market position and create compelling opportunities for our colleagues.”
The transaction, which is expected to close in the second half of 2022, adds a talented roster of professionals to Guidehouse, including many with experience providing federal, state and local governments with solutions in areas that include finance, human-capital management, information technology, data analytics and performance management.
“This transaction aligns to our strategy to expand expertise and capabilities in support of our clients’ most pressing challenges,” says Guidehouse CEO Scott McIntyre. “With this strategic combination, we anticipate experiencing opportunities for both significant growth and advancement for our colleagues.”